American economic history actually is a study of
(a) stable population growth.
(b) how colonial Americans worked side-by-side with the natives to produce
stable economic growth and wealth for all individuals.
(c) how a small, inconsequential economy grew into a giant economy
through a series of successes and failures.
(d) how people in other countries created problems for colonial Americans
of the past as well as U.S. citizens of today.
(c)
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In the above figure, if D2 is the original demand curve and the population falls, which price and quantity might result?
A) point a, with price P2 and quantity Q2 B) point b, with price P1 and quantity Q1 C) point c, with price P3 and quantity Q3 D) point d, with price P1 and quantity Q3
The goal of an unbalanced economic development strategy is to create
a. a political revolution or change that sparks economic development b. labor unions in nonunionized markets that unbalances those markets c. more government jobs for workers in the modern sector d. high profit in the private sector and low profit in the government sector e. forward and backward linkages that provide mutually sustaining markets